Portland’s airport is one of over 2,200 mass timber projects in the US. Mass timber is a rapidly growing new construction method that is cheaper, easier to work with, more environmentally friendly, and just plain looks cooler.
Stripper wells are oil or gas wells that produce smaller quantities of oil or gas.
Large oil companies often overlook them due to the smaller scale of production. Despite their low output, stripper wells can still be quite profitable — especially when oil prices are elevated (like right now)
Pytheas Energy uses AI to revitalize these wells, transform them into efficient producers, and generate cash at a fraction of the cost of larger oil projects.
How it works:
Acquire underperforming wells for cheap: Pytheas acquires these wells at a very low cost per well, taking advantage of undervalued assets in areas like the Permian Basin and the Bakken Basin.
Improve production efficiency: Pytheas leverages AI and machine learning to analyze and optimize well operations. By making the wells more efficient, Pytheas can increase production without increasing operating costs.
Generate consistent cash flow: Once the wells are optimized, they produce a steady amount of oil or gas daily. This production generates predictable cash flow, similar to the steady returns from a real estate investment, where rent is paid out over time.
Scale up: While each stripper well produces a smaller amount, Pytheas builds a portfolio of these wells to generate significant overall production. This can create substantial revenue streams.
Sell oil at market prices: The oil extracted from these wells is sold at market prices, which, given current projections, is expected to remain elevated at around $90-$94 per barrel in 2024.
Social Security recipients can expect a 2.5% COLA for 2025, translating to about $48 more per month for the average retiree.
🌍 Global Perspectives
🇮🇱🇾🇪 Israel bombed Houthi targets in Yemen, killing at least four people and wounding 29 in response to missile attacks on Israel.
🇳🇵 The death toll from flooding and landslides in Nepal reached at least 100, with dozens still missing.
🇪🇸 Around 48 migrants went missing and nine were found dead after their boat sank near Spain's Canary Islands.
🇷🇺🇺🇦 Russia pounded Ukraine's Zaporizhzhia city with 13 guided bombs, injuring at least 16 people and damaging infrastructure.
🇮🇳 A major fire disrupted production at a key Tata Electronics plant in India that makes iPhone components, with at least 10 people receiving medical treatment.
🇹🇼🇨🇳 Taiwan's Defence Ministry went on alert after detecting “multiple waves” of missile firing deep in inland China.
📊 Crypto
FTX set aside $230 million for shareholders from government forfeiture proceeds.
Former Binance CEO Changpeng Zhao was released from custody two days earlier than expected.
Guggenheim issued $20 million worth of tokenized commercial paper on Ethereum.
Mango DAO and Blockworks Foundation settled SEC charges for $700,000.
🧠 Errata
Earth's getting a temporary mini-moon for two months.
A chemical plant fire in Georgia sparked evacuations and closed I-20, sending plumes of chemicals skyward.
Swiss researchers created a robotic hand that can detach and crawl to grab objects.
Koalas are popping up in weird places around Brisbane, from power poles to schools.
📺 What to Watch Today
Why Earth will temporarily have a mini-moon for two months
That’s all for today. Did I miss anything? Smash the reply button to let me know.
